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OGIG vs ONLN

ALPS O'Shares Global Internet Giants ETF

OGIGBNYSE Arca

ProShares Online Retail ETF

ONLNBNYSE Arca

Overlap

11.4%by weight

Expense ratio

OGIG −0.10pt a year

OGIG0.48%ONLN0.58%

Avg volume · 30D

OGIG 1.7×the volume

OGIG8.39KONLN4.92K

5Y return · a year

ONLN +0.2pt

OGIG−3.6%ONLN−3.4%

OGIG vs ONLN Performance

Oct 29, 2021 – Oct 30, 2026

−16.8%OGIG−15.9%ONLN

Oct 29, 2021 to Oct 30, 2026. OGIG −16.8%. ONLN −15.9%. Use the arrow keys to read each point.−60%−50%−40%0%Oct 2021Apr 2024Oct 2026
Expense ratio
OGIG 0.48%, better
ONLN 0.58%
Fund size
OGIG $95M
ONLN $58M
1Y total return
OGIG −18.9%
ONLN −5.4%, better
Yield (12M)
OGIG No data
ONLN 0.30%
Holdings
OGIG 51
ONLN 22
Avg volume (30D)
OGIG 8.39K sh, better
ONLN 4.92K sh
NAV per share
OGIG $46.83
ONLN $56.64
52W range

ETF.net Grade

OGIG: Cost 91, Risk 40, Mission not scored, Tradability 60, Holdings 65, Durability 59. ONLN: Cost 60, Risk 64, Mission not scored, Tradability 62, Holdings 25, Durability 60.
Pillar letters and Scores for OGIG, ONLN, with each pillar’s weight
PillarOGIGONLN
Cost30% weightA91HigherB60
Mission25% weightNot scoredNot scored
Risk15% weightC40B64Higher
Tradability15% weightB60B62Higher
Holdings10% weightB65HigherD25
Durability5% weightB59B60Higher

Rank among E-Commerce funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. OGIG and ONLN are both graded against the same 9 E-Commerce funds, so their Grades compare head to head.

E-Commerce⁠

Category · 9 funds
See all 9 ›

OGIG ranks 1st and ONLN 5th of 9 funds in the E-Commerce Category.

  1. Rank 1BOGIGALPS O'Shares Global Internet Giants ETFScore 69
  2. Rank 2BEBIZGlobal X E-commerce ETFScore 60
  3. Rank 4BIBUYAmplify Online Retail ETFScore 57
  4. Rank 5BONLNProShares Online Retail ETFScore 56
  5. Rank 6CISHPFirst Trust S-Network E-Commerce ETFScore 53

Our read on each fund

ETF.net Research

OGIGBALPS O'Shares Global Internet Giants ETF

ONLNBProShares Online Retail ETF

In short

OGIG Most e-commerce ETFs stop at the US border. OGIG casts a global net over internet and online-commerce giants, screens them for growth and quality, and does it for less than the typical fund in its niche.

ONLN The internet's storefronts in one ticker: a global, index-tracked basket of retailers whose business runs through the checkout page rather than the mall. Live since 2018, and priced under the typical e-commerce fund.

Stated mandate

OGIG OGIG is a rules-based ETF providing exposure to large global companies whose revenue is primarily derived from internet technology and e-commerce, with an emphasis on above-average growth.

ONLN ONLN invests in a global portfolio of companies focused on the rising e-commerce theme.

Why people hold it

  • OGIG Cheap for the theme: a 0.48% expense ratio against a category median of 0.65%, undercutting rivals like IBUY, ISHP and ONLN.
  • Genuinely global mandate: the O'Shares Global Internet Giants Index reaches for internet and e-commerce revenue wherever it is earned, not just US names.alpsfunds.com
  • Rules-based rather than buy-everything-online: the index leans on growth and quality screens, so the basket skews toward large companies with above-average growth.
  • On the whole package (cost, structure, portfolio build), one of the strongest implementations among e-commerce theme funds.
  • ONLN Charges 0.58% a year, below the median fee in its e-commerce peer group and under IBUY's 0.65%.
  • Pure-play mandate: tracks the ProShares Online Retail Index, a global set of companies built around the e-commerce theme, not a broad tech grab bag.
  • One of the earlier funds in the space, trading since 2018, and it grades in the upper half of its 11-fund e-commerce cohort.
  • Pays distributions on a quarterly schedule.

Worth knowing

  • OGIG Thinly traded and modest in size, so spreads can run wider than in the category's busiest funds.
  • Concentrated by design: roughly 70 stocks in one high-growth theme, plus foreign-market exposure, means sharper swings than a broad index.
  • Built for growth, not income. Distributions come annually or semiannually rather than on a monthly or quarterly schedule.
  • ONLN A focused basket tied to one theme, so a few large holdings can steer results in either direction.
  • Trades lightly next to the giants of thematic investing, and it is a smaller fund by assets. Limit orders are the sane way in and out.
  • Cheaper shelf-mates exist in the same cohort, including OGIG at 0.48% and EBIZ at 0.50%, though they define the theme differently.

Full OGIG profile⁠

Full ONLN profile⁠

OGIG vs ONLN Holdings

How OGIG and ONLN differ

Overlap by weight

11.4%

Shared holdings make up 48.7% of ONLN and 11.4% of OGIG.

Level by level

  • Holdings5 in both11.4%
  • Sector4 Sectors19.7%
  • Countryby domicile87.7%
  • Asset classEquity100%

Sector

Sector weights in OGIG and ONLN, widest gap first
SectorMore in OGIGMore in ONLN
Consumer DiscretionaryONLN +80.3 points
TechnologyOGIG +51.9 points
CommunicationOGIG +27.4 points
Health CareOGIG +1.0 points

Country, concentration and asset class

Country by domicile

Country weights in OGIG and ONLN, widest gap first
CountryMore in OGIGMore in ONLN
ChinaONLN +8.3 points
CanadaOGIG +5.0 points
United StatesOGIG +3.5 points
SingaporeONLN +2.4 points
BrazilONLN +1.6 points
GermanyOGIG +1.5 points
JapanOGIG +1.3 points
South AfricaOGIG +0.9 points

Outside the US: ONLN 12% developed, 88% emerging.

Concentration

Weight in the 10 largest Holdings

  • OGIG44.8%
  • ONLN68.0%

Securities held

  • OGIG50
  • ONLN21

Asset class

OGIG
Equity
ONLN
Equity

Holdings

  • Only in OGIG45
  • In both5
  • Only in ONLN16

Only in OGIG

45 securities, 88.4% of OGIG by weight

  • Microsoft Corp.6.56%
  • Meta Platforms Inc.5.90%
  • Palantir Technologies Inc.5.29%

Only in ONLN

16 securities, 50.7% of ONLN by weight

  • Carvana Co5.15%
  • Williams-Sonoma Inc3.81%
  • Coupang Inc3.75%

Weight gaps

All 5 Holdings in both funds, largest gap first.

Holding weights in OGIG and ONLN, widest gap first
HoldingMore in OGIGMore in ONLN
Amazon.com Inc.AMZNONLN +16.73 points
eBay Inc.EBAYONLN +8.32 points
Alibaba Group Holding Ltd.BABAONLN +6.05 points
PDD Holdings Inc.PDDONLN +4.15 points
MercadoLibre Inc.MELIONLN +2.10 points

All 72 OGIG holdings⁠All 24 ONLN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

OGIG vs ONLN Cost

Overpaying ONLN vs OGIG

$1,848

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • OGIG 0.48%

    $9,605

  • ONLN 0.58%

    $11,453

$10,000
30 years

Cost over time

  • OGIG 0.48%
  • ONLN 0.58%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ONLN $11,453OGIG $9,605

Year by year

YearOGIGONLNOverpaying
10$865$1,041$176
20$3,328$3,986$658
30$9,605$11,453$1,848

Expense ratio

  • 0.48%OGIG, cheaper
  • 0.58%ONLN
  • Middle half of E-Commerce funds
  • Median 0.60%

OGIG cheapest of 9 funds

ONLN 4th cheapest of 9 funds

OGIG vs ONLN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
OGIG No data
ONLN 0.30%
Payout (12M)
OGIG No data
ONLN $0.17
Last payment
OGIG $0.04
ONLN $0.05
Ex-dividend
OGIG Dec 18, 2025
ONLN Jun 24, 2026
Paid on
OGIG Dec 23, 2025
ONLN Jun 30, 2026
Frequency
OGIG Irregular
ONLN Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

OGIGIrregular · 1 paymentAll OGIG payments⁠
One bar per payment. 1 payment from 2020 to 2026 YTD. Dec 18, 2025 $0.04. Use the arrow keys to read each point.$0$0.50202020232026YTD
ONLNQuarterly · 10 paymentsAll ONLN payments⁠
One bar per payment. 10 payments from 2020 to 2026 YTD. Sep 23, 2020 $0.37; Dec 23, 2020 $0.57; Mar 20, 2024 $0.05; Jun 26, 2024 $0.05; Dec 23, 2024 $0.24; Mar 26, 2025 $0.06; Jun 25, 2025 $0.07; Dec 24, 2025 $0.05; Mar 25, 2026 $0.07; Jun 24, 2026 $0.05. Use the arrow keys to read each point.$0$0.50202020232026YTD

OGIG vs ONLN Risk

Fall from peak · 5 years

  • OGIG
  • ONLN
Oct 29, 2021 to Oct 30, 2026. Worst fall: ONLN −63.6% · Nov 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
OGIG 23.0%, betterONLN 24.2%
Return per unit of riskSharpe ratio, 3 years
OGIG 0.57ONLN 0.85, better
Worst fallMax drawdown, 5 years
OGIG −62.8%, betterONLN −63.6%
Market sensitivityBeta, 5 years
OGIG 1.36ONLN 1.38

Popular comparisons

  • OGIGBvsEBIZB

    ALPS O'Shares Global Internet Giants ETF · Global X E-commerce ETF

    Expense ratio
    0.48% · 0.50%
    Category
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  • ONLNBvsEBIZB

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  • ONLNBvsBUYZB

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  • OGIGBvsIBUYB

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    Category
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  • ONLNBvsIBUYB

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    Category
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